Archive for January, 2017

How Interest Rate Hikes Effect Buying Power

Wednesday, January 25th, 2017

As Interets rates go up Buyer’s buying power diminishes –  a 1.5% hike in interest rates will cut your buying power by 13%.  In viewing the chart below the $1 million dollar home you could afford at a 4.25% interest rate suddenly becomes out of reach when rates jump to 5.75%.   The same $5,000 […]